Bank of New York Mellon Corp Reduces Holdings in RSP Permian Inc (RSPP)

Bank of New York Mellon Corp lowered its position in shares of RSP Permian Inc (NYSE:RSPP) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,962,172 shares of the oil and natural gas company’s stock after selling 52,602 shares during the period. Bank of New York Mellon Corp’s holdings in RSP Permian were worth $86,374,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of RSP Permian by 8.9% during the second quarter. BlackRock Inc. now owns 6,149,487 shares of the oil and natural gas company’s stock worth $270,698,000 after acquiring an additional 501,405 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in shares of RSP Permian by 8.8% during the second quarter. Carillon Tower Advisers Inc. now owns 3,777,394 shares of the oil and natural gas company’s stock worth $166,280,000 after acquiring an additional 304,997 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of RSP Permian during the second quarter worth about $107,685,000. Natixis bought a new position in shares of RSP Permian during the second quarter worth about $90,549,000. Finally, Gardner Lewis Asset Management L P grew its position in shares of RSP Permian by 498.6% during the second quarter. Gardner Lewis Asset Management L P now owns 1,795,929 shares of the oil and natural gas company’s stock worth $79,057,000 after acquiring an additional 1,495,929 shares during the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Separately, Guggenheim restated a “buy” rating on shares of RSP Permian in a research report on Monday, July 23rd. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $52.20.

Shares of RSPP opened at $47.83 on Friday. RSP Permian Inc has a 52-week low of $28.76 and a 52-week high of $51.51.

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RSP Permian Profile

RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.

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Institutional Ownership by Quarter for RSP Permian (NYSE:RSPP)

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